Samsung SDS, First Private Company Selected as 'Data Specialized Institution'

Samsung SDS announced on the 19th that it has been selected as a data specialized institution by the Financial Services Commission, becoming the first private company to receive this designation.

A data specialized institution refers to an organization that combines pseudonymized information, including financial data. Pseudonymized information is data processed by deleting or replacing certain parts to prevent the exposure of personal information, making identification impossible.

In November 2020, Samsung SDS was selected as the first private company to become a "combination specialized institution" that combines pseudonymized non-financial data.

With this new designation as a data specialized institution, Samsung SDS can now provide services that combine both financial and non-financial pseudonymized information to companies and organizations aiming to create new services.

For example, by combining and analyzing purchase information from a card company with customer information from a telecommunications company, it is possible to identify consumption patterns by region and purchase amount, producing data that can help recommend customized products and services to customers.

Samsung SDS expects to utilize the combined pseudonymized information for developing various services and to enhance synergy with AI and big data analysis projects across different industrial sectors.

Samsung SDS was finally selected as a specialized institution after on-site inspections and combination tests, based on ▲data science expertise ▲analysis capabilities using the data analysis platform ‘Brightics AI’ ▲data management and security technologies ▲and customer experience across various industries.

Samsung SDS plans to implement the combination specialized system on the Samsung Cloud platform with strong security measures to safely provide data combination and analysis services.

This content was produced with the assistance of AI translation services.